The automotive catalyst market will register a CAGR of around 9% by 2023.

The growing potential in developing countries of APAC such as India and
Myanmar, automakers have developed a cost-effective and
less-sophisticated alternative in the form of automated a manual
transmission to compete with hydraulic systems that are mainly used in
developed economies in the West. Many global automakers have begun
offering this technology even in their entry-level cars, seeing its need
in countries that have been facing traffic issues for a long time.

The automated transmission systems were not popular among the mass
segment mainly due to higher costs and concerns related to fuel economy;
but with the availability of automated manual transmission, the same
gearbox operated by computer delivers almost the equal or even better
fuel-efficiency than conventional manual transmission. Hence, the growth
of the automated manual transmission system is foreseen positively
impacting the global automotive clutch actuator market.

The adoption of automatic transmission systems growing, the
shift-by-wire market is expected to grow significantly during our
forecast period. A shift-by-wire systems uses an actuator for
transmission. Instead of mechanism linkages with the gearbox, actuators
execute transmission. The rising penetration of CBW systems in the
automotive industry will support the growth of the global automotive
clutch actuator market.

Drivers in Europe must have a separate license to operate automatic
vehicles. Issues related to costs and high fuel prices restrict the
market for automatic transmissions in Europe, and they are mostly
limited to luxury and premium vehicles. These factors can hinder the
growth of automatic transmission systems and affect the global
automotive clutch actuator market.